529 Main St

Multi-Family for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30863631
Number of Units: 5 Units
Building Size (RSF): 6,320 SF
Gross Land Area: 0.51 Acres
Sale Price: $779,900
Unit Price: $155,980 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed, Other
Cap Rate: Undisclosed
Last Updated: 2/29/2024

Overview / Comments

Explore boundless possibilities in this captivating 1805 home—a former inn, now configured as a single-family residence with four additional rental units. Offering versatility, the property seamlessly combines historical charm with modern living. Situated in close proximity to shops, restaurants, and nature, it provides unmatched convenience. Just under half a mile away, highly regarded Fryeburg Academy awaits. Five total units, comprising two two-bedroom apartments, one one-bedroom apartment, a studio, and a four-bedroom home, this property stands as a testament to adaptability. All units have been occupied, generating an annual income exceeding $100,000. The strategic options for the new owner are diverse—lease the entire property, reside in the main home or one of the units, pursue annual or short-term rentals—the choice is yours. Notably, four units have recently undergone significant updates and come furnished (even the four bedroom home with all that amazing period furniture and curated arcade games), enhancing the overall appeal and immediate functionality of the investment.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Oxford
Submarket Type: Other
Tax ID/APN: 41/51/51
Zoning: VILLAGE COMMERCIAL
Percent Occupied: 100%
Site Description: Corner Lot; Level; Sidewalks; Wooded
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1805
Roof Type: Other
Exterior Description: Vinyl Siding
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: 5 - 10 Spaces; Off Street; Paved
Heat Type: Steam, Other
Heat Source: Other
Fuel: Oil, Wood
Internet Access: Cable, DSL, Other
Zoning Description: Village Commercial
Water Service: Municipal, Other
Sewer Type: Septic, Other
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 801 3,022 5,458
Median Age: 35.43 41.91 43.97
Households: 281 1,196 2,214

Contact

Photograph of Listing Agent

Kirk A Butterfield

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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